There are numerous reasons why you might need a domain appraisal but there is no need in getting one if you don't really need to. Each situation is unique in why you might want to get a domain name appraisal but lets focus on the 4 most common reasons.
Selling a Domain:
If you want to sell your domain then getting an appraisal may very well make sense. Commonly people will either set no price or will set a price so high that it is completely ridiculous. Sellers are so afraid they may sell it for less than what it could possibly sell for that they scare off the buyers. This keeps them from setting a price that will at least be reasonable enough to spark a possible buyers interest to start a bidding point.
If you are very knowledgeable in domain sales then it is likely you won't need to get an appraisal as you will have a rough idea as to what it may sell for. On the other hand if selling and buying domains is not something you do on a regular basis it can be wise to get an appraisal from a respected domain appraisal company. The domain appraisal can give you an idea as to what you can expect the domain may sell for and allow you to set a starting price accordingly.
Buying a Domain:
First you have to decide what that domain is worth to you. Unless you are speculating and hope to sell the domain later at a higher price you must first consider the value of the domain for your purpose. No doubt it can also be wise to get an appraisal so you have an idea as to what it may sell for in the open market. The domain appraisal can also be used as leverage in bargaining with the seller.
Asset Assessment:
When trying value your assets such as the value of your company or website it is important to remember that the domain name can also hold great value. A domain appraisal can help you in figuring out how much that asset is worth with out having to put it up for sale.
Tax Deduction:
If you donate a domain to a non-profit organization it may be possible to get a tax deduction. Getting a domain appraisal from a qualified appraisal company will help you get that tax deduction. In the USA this is fairly easy if the deduction is of less than $5,000 but can be a bit more complex if it is above that amount.
Always remember that a domain name appraisal from anyone whether a paid professional or your average Joe is only an educated guess. Keep in mind how educated that guess may be however. A domain as with anything else is only worth what some one is willing to pay for it.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
How do I find my mail server domain name?
By: toni | 06-08-2008
How do I find my mail server domain name?
Please reply to tzs13@aol.com as I doubt I'd ever be able to find my way back to here.
Thanks,
tzs13
Domain name vs. IP address: why can't I send email to Comcast customers?
By: Jetcity User | 12-06-2008
I am unable to send email to any Comcast customer from my company email. My webhost company has told me that my domain name (i.e. www.abcpi.com; not my real domain name) has been blocked but not the IP address associated with the domain name (i.e. 208.78.242.185). When you lookup the domain name for 208.78.242.185 you find webhost.dynadot.com. Is it possible that Comcast can block the name but not the IP address? In other words can they block abcpi.com but not webhost.dynadot.com even though the IP addresses are the same? Has anyone else had a similar problem and if so, how did you solve it? I'm getting nowhere with Comcast and their online forms. Thanks!
Using custom domain name for a web page
By: Scott the Rocker | 27-05-2008
I would like to build a webpage using my custom AOL domain name. Does AOL offer services in webhosting? if not, can I simply cancel my account and still get the same domain through another company, or do I have to transfer it? Any info on this would be great!
Q&A Powered by:
Latest Domain Names Articles
Cheap Domain Names, Hosting & Registration is Easy to Find Now Days
By: Joel Mclaughlin | 14/10/2008
So you have a dream for a web site, an exciting idea or something you want to accomplish on the web. Well in order to get started on the exciting Internet you must first find a domain name and hosting provider. But not just any provider, we recommend that you find a cheap domain name and cheap domain hosting provider. Your web domain name is an address that points to your web site. Telling the world where to go to find your site...
Cashing For Every Click-An Adventurous Method To Create Expired Domain Riches
By: John Khu | 13/10/2008
Cashing for click program, could be your answer to achieve a number of important objectives like realizing a constant stream of traffic and to earn some form of income to cover some part of the expenses incurred in the process.
Brainstorming Essentials: Graphic Organizers Such as Mind Maps & Venn Diagrams
By: Stephen Watson | 12/10/2008
Some of the more common tools used in the brainstorming process are graphic organizers like mind maps and Venn diagrams. These tools are most useful when the brainstorming process is being embarked upon by a group.
Domain Registration Best Places to Register Domains
By: Stephen Watson | 12/10/2008
Domain registration has always be the critical first step to any type of internet presence that you or your company wants to develop. On the web, the domain is equivalent to your address. But, do remember that until you put a house on that piece of property, it is still only an address. The same is true with a domain. Domain registration gives you your first step in establishing your digital place of business.
Making Your Expired Domain An Enduring Income Creator - Creating The Magic Of Expired Domain Gains
By: John Khu | 10/10/2008
An expired domain is also a future and potential weapon capable of setting up an online money making machine. Thus, it really makes sense to learn and understand some of the greatest secrets and techniques of using an expired domain to establish expired domain fortunes.
Who Has the Lowest Domain Prices
By: Brian | 08/10/2008
An article on the cheapest domain prices, the resale market for domain names, and the new .asia TLD.
Good Domain Name - How to Select One for Your Business
By: Arpit Agarwal | 05/10/2008
Choosing the domain name is absolutely important, because the ultimate success of a business will completely rely on the domain name you choose. Domain names are generally found with quite several extensions including .com, .in, .biz, .net, .org and several other more.
Tips To Grab Expired Domains Through Back Ordering Process- Part I
By: John Khu | 03/10/2008
As a domain trader, you may wish to focus on buying good domain names at most economical process by using the domain dropping process. Once you learn the process of domain name dropping and its subsequent buying process, you can easily start accumulating good expired domains.
More from Ryan Moxie
Uranium ETF - Does It Exist?
By: Ryan Moxie | 21/07/2008 | Finance
My portfolio consists of a wide variety of stocks and commodity ETFs. I would like to add some uranium to my portfolio but can't afford the stocks. Is there a uranium ETF available, because I'm turning up nothing in my search.
Unique Dog Names from Nature
By: Ryan Moxie | 18/07/2008 | Pets
Unique dog names can come from many sources. The best unique dog names come from places that most people wouldn't think to look. Nature can give us dog names that are as unique as nature itself can be.
Natural Gas ETF, Economical and Ecological
By: Ryan Moxie | 15/07/2008 | Finance
Commodity ETFs (exchange traded funds) have been around for long enough that investors are well aware of their presence now, but a newcomer to the market is making some waves. Natural gas ETFs have been on the market for just over a year and have done pretty well so far.
Chronic Cough Could Be Acid Reflux Cough
By: Ryan Moxie | 15/07/2008 | Health
More than 1/3 of people who visit their doctor with complaints of chronic cough are diagnosed with acid reflux. Even people with no other signs of acid reflux, like heartburn, can experience acid reflux cough. Many people aren't even aware this is possible so it often goes untreated.
What Are The Most Popular Dog Names?
By: Ryan Moxie | 12/07/2008 | Pets
Are you ready to start choosing dog names for a new puppy in your life? Dog names aren't hard to find, especially if you want to keep up with the Jones' and choose from the most popular dog names. Believe it or not, Rover and Spot aren't even on the list of the most popular dog names in the United States today.
What Foods Cause Acid Reflux?
By: Ryan Moxie | 12/07/2008 | Health
Many of us suffer from symptoms of acid reflux and have tried over the counter antacids and medications with little or no relief. Doctors are just going to give us prescriptions for expensive medications, which might work but they are costly and some people just can't afford them, so they continue to suffer. The good news is that relief could be as close as making some simple changes to your diet.
Energy ETFs - Alternative Energy is Hot
By: Ryan Moxie | 11/07/2008 | Finance
With today's economy, commodity ETFs (exchange traded funds) are the investment to watch. Energy ETFs are among the most popular of the commodities. Energy exchange traded funds include crude oil, coal, natural gas, and even gasoline. Alternative energy ETFs are now making their way into our hearts.
Is There a Natural Cure for Acid Reflux?
By: Ryan Moxie | 08/07/2008 | Health
Acid reflux is a problem that affects many people. The most common symptom of acid reflux is heartburn, which feels like a burning in the chest and throat areas. Medication can be taken to alleviate the symptoms of acid reflux, but a lot of people prefer not to take medications and opt for natural, or homeopathic, cures instead.